concurrent engineering

concurrent engineering

the term used to describe a group who are drawn from different disciplines to work on a problem within the firm. For example, a new product analysis concurrent engineering team may consist of a production engineer, cost accountant, marketing specialist etc. Thus, concurrent engineering can reduce product development time allowing the product to be brought to market more quickly and at a reduced cost. Typically also used as the basis for a team in VALUE ANALYSIS. See NEW PRODUCT DEVELOPMENT. See also MATRIX.

PTC is the first company to deliver support for its Product Lifecycle Management (PLM) solution on the Intel Itanium platform, providing customers with greater flexibility and interoperability through additional platform choices.

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